Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1887-12-29
GOLD AND SILVER
The Operations of the United States Mint Poi
the Past Year.

the Past Year.
The director OF the mint has SUBMIT
ed TO the secretary of the treasury his
annual report OF the operations OF the
minis and assay offices for the fiscal
year 1887 The value OF the gold and
silver received at the minis and assay
offices during the year was greater thsn
in any previous year since 1881. The
value of the gold deposited was S6S,223,-
072. In addition there were redeposits
of the value OF S15,193, 706. The value
of the silver deposited and purchased
was $47,756,918. In addition there were
redeposits of silver amounting to 1882
1l3. OF the gold deposited S32,973,02I
was of domestic production, $22,5Tl 1928
of foreign gold bullion, $9,S96,512 of for
eign gold coin, S5l6,9S4 of United States
gold coin and $2,265,219 of old material.
The coinage of the fiscal year was as
follows: Gold, 3,724,7 20 pieces, value S22,-
S93,279; silver, 44,23l,2SS pieces, value
1874 1856, 4S3; minor coins, 50,166,509
pieces, value $943,650. In addition TO
the coinage executed during the year,
gold and silver bars were manufactured
as follows: Gold, sos, 1873, 953; silver, &c.
4S1,6l1. The silver bullion purchased
age was 9,433, 342 standard ounces, at the
cost OF $25,9SS,6 500. The average cost
was so. 1912 per fine ounce. The aver
age London price for the year at the
average rate OF exchange was so 90, las.
The number of silver dollars made was
33,266,S31. Ten million nine hundre d
and one thousand nine hundred and
! twenty eight silver dollars were distribut-
ed from the minis during the year and
! S10,500,000 transferred to the treas 1ry.
The seignorage ON the silver dollars coin.
ed during the year was $7,923, 55S, and on
! the subsidiary silver $31, 7O4.
The number of trade dollars redeemed
| by the treasury OF the United States I'M
Ger provisions of the act of March 3, 1887,
authorizing their redemption, was 81
| $50 ,036. The number imported from the
| passage of the act TO September 4, 1887,
was 830,561. The trade dollars redeemed
have all been transferred to the mints or
the assay Office at New York and melted
into bars ready for coinage.
The loss by abrasion was 4O,2l5.79
standard ounces, equivalent TO 45,96l trade
dollars. If the trade dollars redeemed
are coined into subsidiary silver the pro-
mt, exclusive of operative wastage, will be
| 1851 ,574 if coined into standard silver
dollars, $4,000. The mint at Philadel-
phla has been taxed to its utmost capaci-
ty to execute the large minor coinage de-
handed of it in addition to mandatory
coinage of silver dollars. Notwithstand-
ing the large number of pieces struck the
demand for minor coins is still far beyond
the capacity of mint to promptly fill the
orders.
The expenditures for the service of the
minis and assay offices during the year
were $I,1S9,50 The expenses of the
acid refineries we're Sl65,S37, against an
earning of $1i3,255. The total earnings
from all sources amounted to SSS42,8lS
and the total expenses and losses of all
kinds to $1,437, 432. The value of the
gold and silver bars issued from the
United States assay Office at New Yori
ard the mint at Philadelphia for use in
the Industrial arts during the year was
$685., 40 gold and S4,471,G46 silver.
The director estimate the stock of coir
IN the United States to have been, July l
1887, gold, 1863, 008, 065; silver, $342 537,
GIG. In addition there was bullion in the
mint as follows: Gold, $S5, 5l2 ,270; silver
SO, $50. The director estimatesl the
stock OF gold and silver coin in the Uni
ted States on Nov. /, 1887, to have been
Gold, 1914, 1927 1873; silver dollars, $277,
10, 157; subsidiary silver, $75,65S, 186.